🚨 Too Much Hype Around $XRP
? Let’s Be Realistic 🤔
I’m not entirely against XRP, but the extreme bullish sentiment is getting a bit overblown lately. Let’s break it down logically 🧠:
📊 XRP Market Cap currently stands at $209B, which is just about 50% below $ETH's.
So, if you're expecting XRP to pump 100% from here, that would mean it needs to overtake ETH’s market cap — not quite realistic unless ETH reaches $600B+, which hasn't happened yet. 📉
🧐 Even though XRP is holding strong at current levels, becoming the #2 crypto by market cap (surpassing ETH) seems highly unlikely in the near term.
🔍 Technical Analysis:
A bearish divergence is visible on the weekly chart 📉
The recent breakout wasn’t strong enough 🚫
No signs of institutional entry in the recent bull move 🏦
A bearish harmonic pattern also supports a potential short setup 📐
⚠️ My Bias: Bearish on XRP in the short term. Instead, keep your eyes on $ETH
🧠💡
📉 XRP Trade Setup (Futures):
🔺 Signal: SHORT
🔹 Entry: 3.5
🎯 Target 1: 3
🎯 Target 2: 2.8
🛑 Stop Loss: Above 4.05
💼 Note: Futures trading involves high risk. Always manage your capital wisely and use proper risk management tools. 📉⚠️